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ARB have some newsflow today which no doubt helps excitement there. Doegecoin down, Alts up, can only be good for KR1, eventually. KROEFF doing its bit to help, up 10%. .
Hi Franco
Yes, I am thinking of putting into this - its the ambitious CEO which is the main pull for me. I think crypto has a long way to run and Aquis looks to be the place to be at the moment for this stuff. And iff you are already profitable at the start of the journey, then happy days. By the way I believe they have minimised the ability to short stock - now thats worth supporting imho if not anything else.
Apologies to the board for diversionary thread.
Back to KR1 - Argo picking up this afternoon but KR1 a little more sluggish here. Is that the low profile here v the rock star profile and subsequent network effect on Argo?
NtD
Nelson you may have stumbled on something here. AQX chart looks great, more than doubling in 9 months. CEO seems ambitious despite selling some shares to pay for his divorce. If as you suggest they are encouraging tech/crypto stocks to list then it really could be an investment opportunity. No cross ramp intended
I'm as feeble a ramper if there ever was one but volume of buying is more than sold. Good signs but its never easy holding when you're not sure how sentiment is. NFT Pluto all raising profile of these types of companies. One school would be, if they do well, kr1 should do likewise, other school is, money here goes there, fickle indeed but I'm quietly hoping for a decent run and the management is, not without criticism mind you, which I'm sure they ignore, is still the best asset. IMHO of course.
Broker note
Despite major headwinds of Covid-19 and Brexit, Aquis has delivered its maiden full year profits. FY2020 pre-tax profit of £0.5m was £0.3m better than our expectations driven by revenue of £11.5m (up 67% YoY). Exchange subscription revenues grew by 46% YoY to £7.7m, helped by market share gains and strong trading volumes in equities with technology licencing and market data performance being particularly strong. The acquisition of AQSE has already contributed £1.2m to revenues through issuer fees and synergies across the other businesses. Having already made in-roads in secondary market trading, Aquis also has the hallmarks of disrupting the primary marketplace via AQSE. Given the strong momentum and proof of delivery, we maintain our BUY rating and increase our target price to 655p (from 606p) implying 15% upside.
..ironic indeed.. :-))
...maybe there are certain rules which do not allow them to list on their own exchange??
Any one else find it ironic that Aquis Exchange PLC is listed AIM?
Franco,
Just had a mooch around their website - I am beginning to think AQSE may be a good investment - if it attracts growth companies in tech space may well become a target for takeover by a larger exchange. Might have a read of the Aqx BB. Let me know your views also if you do any digging.
AtB
NtD
Dispersion Holdings plc also listing on Aquis
I believe Aquis had a new ceo and the reticence of G&K is maybe linked to what the roadmap for aquis is - the only reason this came up for me is the Pluto listing on Aquis. I thought that they would be a lighter weight KR1 but on a more volume exchange as their go to market. As a UK London based individual I would be very proud if the UK stole a march on crypto and tech as an exchange.
If Aquis is as you say setting itself up as a NASDAQ for the UK then G&K are again ahead of the game. They have endured some grief for staying here but could turn out to be inspired. Will research more
Imitation is the sincerest form of flattery etc. but 5 years behind. These guys from argo certainly have ambition but that NFT ipo has been a farce so far so they will need to sort that out if they are to inspire confidence. Interesting what you say about AQIS NelsonTD
Why not attempt emulate Europe,s number 1 Blockchain Crypto Fund ? Follow the money and all that !!!!
,However does the market really believe any fund can replicate there methodology & vast experience of KR1 BOD ? Nahhhhhh
The contacts and established * Purple Circle * is second to none and no potential wanna be fund will get anywhere near the deep roots KR1 have ,Imagine the relationship GMcD & KVS have with Dominic Williams,Gavin Wood ,Hugh Karp or Barney Mannerings
Aside from the share fundamentals I am interested to see the Pluto listing on Aquis. I had expected full listing. IMHO (and based on little research as its not on my agenda but is interesting), Aquis is setting itself up as a NASDAQ for the UK. I suspect part of the reticence of KR1 to move listings is the roadmap for the aquis exchange to be a cyrpto / tech hub. Imagine if Aquis exchange managed to doa deal or two to allow seamless access for US investors - this is my assumption of what they aim to achieve. Anyone with more knowledge of Aquis care to share a view?
GLA
NtD
to see these Jonny come Lately's pitching up. Business model based on KR1. Hope nobody thinks that is the first access they have to Blockchain though no doubt some will say they have a better website/PR etc. Maybe some truth in that..